The plan is to come in and improve the NOI over the next 12-24 months then implement a strategic cash out refinance and move to long term permanent agency debt.

It would take a lot of time, effort, and money to build something that multiple owners could agree on, and in the end it would save you 3%?

I'm local to Houston as well and develop small multifamily for long term holds. 

Our interests are currently more focused on short term rentals, but we are also interested in many other aspects of real estate investing and looking to make a start.

*Newbie Investor I’m currently looking to buy a long term rental with minimal renovations in North Carolina and chose Fayetteville as my main area of interest.

If you are investing for cash flow long term, you would benefit from paying off the loan sooner (eliminating interest). 

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

I see the long term prospects being very bullish for Ft Myers and Cape Coral.  

Look into their marketing efforts, tenant screening processes, and response times.Service Audit: Conduct an audit of the services provided by Ace Management and Reality to ensure they are actively marketing your properties and maintaining tenant relations effectively.4.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.